Today’s market turmoil and Twitter
At this point, you know the story: the markets are down. Way down.
Concerns among skittish investors about European sovereign debt, the recent U.S. credit rating downgrade and the long-term health of the U.S. economy seem to be everywhere, along with worries about the potential of a “double-dip” recession horsewhipping the past two years of gains into oblivion.
Real-time social sites such as Twitter can often contribute to – or even help predict – downswings or even upswings in the market, thanks to the knee-jerk nature of the technology and, some would argue, its users. Indeed, Some studies have showed that Twitter can help researchers predict the outcome of a typical day on Wall Street.
But not everyone seems panicked over today’s financial bloodletting, at least if their tweets mean anything.
Thanks to MediaMiser’s Twitter monitoring and analysis tool, we’ve pulled in the past 24 hours of anxious gallows humour that played out on the social networking site.
Here’s a sample:
@GetPortfoly #WallStreet is on the cover of every newspaper and will be the topic of every party you attend this weekend. Especially the S&P downgrade. (Aug. 7, 2:02 p.m.)
@Kmili3 I’m not the only one scared of the ugly day tomorrow right? #WallStreet (August 7, 7:55 p.m.)
@TheBunkerKing Bracing for what #tommorow might bring to #Wallstreet. This might get #interesting!#Terrified #Crisis (Aug. 7, 11:59 p.m.)
@cgpoirier waiting for the opening bell on wall street…gonna take bets on how long it takes traders to curl into a small ball and cry.. #wallstreet (Aug. 8, 8:08 a.m.)
@cgpoirier ..huh, that took about 50 seconds… (Aug. 8, 9:28 a.m.)
@jordanmmichael #markets are taking a worse beating then after I dinged my first car (Aug. 8, 10:46 a.m.)
@bjm1031 #wallstreet freaking out – insanely rich worried their Neiman Marcus personal shoppers jobs’ at risk (Aug. 8, 10:53 a.m.)
@mmarksshihWho peed in S&P’s cheerios? #wallstreet #downgrade (Aug. 8, 10:53 a.m.)
@GiuseppeNorris The only person making money on #WallStreet right now is the Dramamine vendor. (Aug. 8, 11:17 a.m.)
@yclphotoWow, there is a lot of red on my stock ticker today #wallstreet (Aug. 8, 11:24 a.m.)
@KeithKing That giant sucking sound coming from Wall Street is any chance of my ever retiring going down the drain. #wallstreet #creditrating (Aug. 8, 12:01 p.m.)
@purtheil Tank tops are very fashionable on Wall Street these past days. #finance #wallstreet (Aug. 8, 12:38 p.m.)
@tsmelleyI have stoves, water purification, backcountry survival tools, anything you need to go off grid #stocks #dow #meltdown (Aug. 8, 3:08 p.m.)
@PhilBridgesWhat a day, when a 400-point drop begins to seem like a “good” thing (vs. a 500-point drop). Whoa. #dropoff #stocks #standardandpoors #sell (Aug. 8, 3:26 p.m.)
@AdamKesslerLTD I think the kids in #Washington need to get with the kids on #Wallstreet and do a mad crazy intense #yoga session. #everyonerelax #namaste (Aug. 8, 3:29 p.m.)

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